BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated about 2 years ago on . Most recent reply
New to the RE business. Looking to purchase first BRRRR.
Hello everyone,
I've been reading and watching as much as I can the last month on Bigger Pockets. I'm excited to dip my toe in to the waters. I'm hoping to get started in January 2023. I'm looking to BRRRR in Texas (preferably Central or North Texas). I've got all my financing in order and am ready to buy but don't want to jump the gun to soon. I went and looked at 4 properties on Saturday in Wichita Falls. Very exciting.
Some questions I have: How many properties should I look at? How many realtors should I contact in one city or region? Does anyone have any leads on a GC in the Wichita Falls area? I have more questions but don't want to make a crazy long list.
I'm very excited but also very cautious. I want do enough research that I feel good about what I'm doing but don't want to get paralysis analysis. Any advice would greatly appreciated. Thanks.
J.R.
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Congrats on finally making the jump to pursue real estate investing! I really like the Wichita Falls market as it should produce a cash flow opportunity as a STR or LTR - definitely an expanding city that will continue to grow over the next decade. I would look at a dozen or so properties before pulling the trigger on one but it is really up to you - best of luck!